Body Corporate Managers, Committee Members and Resident Managers Commissions and Other Benefits

In Queensland, body corporate managers have a number of disclosure obligations in relation to any commission, payment or other benefit they receive. Recently, the Queensland Government released new body corporate regulations (Standard Module, Accommodation Module, Commercial Module, Small Schemes Module and Specified Two-lot Schemes Module), which will replace the existing regulation modules on 1 March 2021. There are various changes in the new regulation modules which we will all need to familiarise ourselves with and in this article, we will focus on the changes to disclosure obligations for body corporate managers, committee members and caretaking service contractors (i.e. resident managers).   Read the article…………………………………….